Deals 03/10/2021

Loop Capital Markets acts as co-manager on a $25 billion senior unsecured bond offering for Verizon

On March 10, 2021, Loop Capital Markets acted as a co-manager on a nine-tranche, $25 billion senior unsecured bond offering for Verizon. The bonds are rated Baa1/BBB+/A- across 3- 5- 7- 10- 20- 30- 40-year tranches.

Use of proceeds are earmarked for general corporate purpose which may include the completion of previously announced acquisitions, the acquisition of spectrum licenses and, depending on market and other conditions, the repayment of outstanding indebtedness.